Parker-Hannifin Corporation (PH) has attracted significant investment activities lately, with Novem Group and Congress Asset Management investing $832,000 and $133.51 million respectively. There have also been notable stock transactions by Banque Pictet & Cie SA, Fifth Third Bancorp, Covea Finance, and others. Parker-Hannifin closed an important $1B acquisition with
Curtis Instruments, a move aimed at
expanding its footprint in
EV and hybrid tech. Curtis' electrodes will significantly boost PH's electrification capabilities. On the analysts' front, the company received an average PT of $770.94 and an upgraded 'Buy' rating from Wall Street Zen. Various financial institutions, including Intech Investment Management, Voya Investment Management, and Carderock Capital Management, have reduced their PH holdings, whereas Wealth Enhancement Advisory Services, UBS AM, and Trust Point increased theirs.
Record performance, strong aerospace backlog, and better-than-expected sales in Q2 resulted in TD Cowen lifting PH's PT to $650. The enterprise has been met with bullish optimism following a successful Q4 earnings call and Y/Y lift in aerospace systems sales. However, despite the headwinds, PH's performance and future prospects keep attracting investments, exemplified by the company's 90% institutional ownership.
Parker-Hannifin Corporation PH News Analytics from Fri, 31 Jan 2025 08:00:00 GMT to Sat, 27 Sep 2025 09:02:11 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 2
